Tesla Motors Inc (NASDAQ: TSLA) announced 11,507 Model S deliveries for Q2 2015. This was a new company record for the most cars delivered in a quarter and represents an approximate 52% increase over Q2 last year.
There may be small changes to this delivery count (usually well under 1%), as Tesla only counts a delivery if it is transferred to the end customer and all paperwork is correct.
Also, this is only one measure of our financial performance and should not be relied on as an indicator of our quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles. (Original Source)
Shares of Tesla Motors closed yesterday at $269.15. TSLA has a 1-year high of $291.42 and a 1-year low of $181.40. The stock’s 50-day moving average is $254.00 and its 200-day moving average is $220.24.
On the ratings front, Tesla Motors has been the subject of a number of recent research reports. In a report released yesterday, Pacific Crest analyst Brad Erickson reiterated a Buy rating on TSLA, with a price target of $293, which represents a potential upside of 8.9% from where the stock is currently trading. Separately, on June 30, Robert W. Baird’s Ben Kallo reiterated a Buy rating on the stock and has a price target of $335.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Brad Erickson and Ben Kallo have a total average return of 31.3% and 12.1% respectively. Erickson has a success rate of 87.5% and is ranked #381 out of 3688 analysts, while Kallo has a success rate of 58.6% and is ranked #456.
The street is mostly Bullish on TSLA stock. Out of 15 analysts who cover the stock, 9 suggest a Buy rating, 3 suggest a Sell and 3 recommend to Hold the stock. The 12-month average price target assigned to the stock is $301.09, which represents a potential upside of 11.9% from where the stock is currently trading.
Tesla Motors Inc designs, develops, manufactures and sells high-performance fully electric vehicles and electric vehicle powertrain components.